Intapp (NASDAQ:INTA) Trading Up 10.5% – Time to Buy?

Intapp, Inc. (NASDAQ:INTA)’s share price shot up 10.5% during trading on Friday . The company traded as high as $22.69 and last traded at $22.7730. 690,805 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 1,155,078 shares. The stock had previously closed at $20.60.

Analyst Ratings Changes

Several brokerages have issued reports on INTA. JPMorgan Chase & Co. dropped their target price on Intapp from $58.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Citigroup boosted their price objective on Intapp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Wall Street Zen raised Intapp from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Zacks Research lowered shares of Intapp from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, UBS Group cut their target price on shares of Intapp from $54.00 to $46.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.57.

Intapp Stock Up 12.0%

The company’s 50 day moving average price is $22.87 and its two-hundred day moving average price is $31.54. The firm has a market cap of $1.78 billion, a PE ratio of -49.64 and a beta of 0.49.

Intapp (NASDAQ:INTA) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Intapp had a negative net margin of 6.48% and a negative return on equity of 2.28%. The company had revenue of $146.04 million for the quarter, compared to analyst estimates of $144.32 million. During the same period in the prior year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. Intapp has set its Q4 2026 guidance at 0.360-0.380 EPS and its FY 2026 guidance at 1.220-1.240 EPS. On average, analysts expect that Intapp, Inc. will post -0.05 earnings per share for the current fiscal year.

Intapp declared that its board has approved a stock repurchase program on Tuesday, February 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Intapp

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in shares of Intapp by 60.9% during the first quarter. AQR Capital Management LLC now owns 30,969 shares of the company’s stock valued at $1,808,000 after buying an additional 11,719 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Intapp by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,737 shares of the company’s stock valued at $1,853,000 after acquiring an additional 1,379 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Intapp by 2.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,511 shares of the company’s stock valued at $16,318,000 after acquiring an additional 6,210 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Intapp by 208.0% in the second quarter. Russell Investments Group Ltd. now owns 1,848 shares of the company’s stock worth $95,000 after acquiring an additional 1,248 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Intapp during the second quarter worth $693,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

About Intapp

Intapp, Inc, headquartered in Palo Alto, California, is a leading provider of cloud-based software solutions designed to meet the unique needs of professional services firms, including law firms, accounting practices, and financial institutions. The company’s integrated platform connects front-office business development with back-office risk and compliance functions, enabling organizations to streamline workflows, improve collaboration and enhance client service.

Intapp’s suite of applications—such as Intake, Conflicts, Risk, Open, Time and Flow—addresses the entire client lifecycle.